Authoria Closes Record Setting Year with Over 80 New Customers

Authoria, Inc., the leader in integrated strategic Human Capital Management (HCM) solutions, today released details of its exceptional 2004 fiscal year, in which it exceeded all of its growth targets and achieved significant customer traction, adding more than 80 new customers in large organizations.

“With the success we’re having in the marketplace, Authoria has cemented its position as the leader in the HCM space as large employers are increasingly looking for alternatives to the ERP vendors,” said Authoria president and chief executive officer Tod Loofbourrow. “As we’ve seen with the accomplishment of the Authoria On-Demand program, which provides more than 30 large enterprise customers with a hosted deployment option, organizations are looking to quickly and easily implement integrated strategic HCM solutions that deliver best-of-breed capabilities while continuing to leverage their ERP investments.”

Highlights from the year include:
-- Year-over-year revenue growth of 38 percent.
-- Added more than 80 blue chip accounts, including Carlson Companies; Cox Communications, Cox Enterprises, Inc.; Health Net, Inc.; Johnson Diversey, Inc.; Minnesota Department of Employee Relations; Retail Ventures Inc. (Filene’s Basement, Inc., DSW Shoe Warehouse, Inc. and Value City Department Stores); New York University; PepsiAmericas; and Safeway Inc.
-- Added 13 new deals in Q4
-- Acquisition and integration of Advanced Information Management, Inc. (AIM)
Introduction of the Authoria Advisor Series, an integrated product suite that helps organizations manage people including such areas such as compensation and performance management, succession planning, incentive compensation, employee communication, manager coaching and much more.
-- Recognition of Authoria Manager Advisor as Human Resource Executive Magazine's Top HR Product of the Year for its just-in-time knowledge and coaching. And recognition by Forbes.com naming Authoria "Best of the Web" for an unprecedented fourth consecutive year.

“Authoria’s breadth of integrated HR solutions has redefined the market,” said Tod Loofbourrow, for Authoria. “Authoria enters 2005 as the profitable, high growth leader in strategic human capital management, capping off a year of tremendous success. Our momentum in the market continues to accelerate.”

About Authoria
Authoria is the leading provider of integrated strategic human capital management (HCM) solutions helping employers increase the business value of their workforce. The Authoria Advisor Series includes performance and compensation management, succession planning, and benefit and policy communication while providing just-in-time knowledge and coaching for managers and employees. Through Authoria Choice, applications are delivered as a fully managed on-demand service, or as an on-premise deployment. Authoria’s award-winning solutions have proven successful for more than 200 large employers, representing more than 7.5 million employees. Customer companies include Boeing, Pfizer, and Unocal.